05-29-07 Special Called Regular Meeting of Fiscal Affairs Committee

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Minutes of the La Porte Fiscal Affairs May 29,2007- Page 2 6. Interim Director of Finance Michael Dolby presented the second quarter purchasing card expenditure report. The committee discussed the monthly activity of procurement cards for the second quarter. Mr. Dolby informed the committee the Directors are required to review and approve all procurement card expenditures in their departments. The committee requested staff to provide them the total number of procurement cards issued to employees. 7. Interim Director of Finance Michael Dolby presented a report on the Annual Investment Policy Review. There were no recommended changes to the Annual Investment Policy Review. 8. Interim Director of Finance Michael Dolby presented a report on an Interlocal Agreement with North Central Texas Council of Governments. The committee directed staff to bring the Interlocal Agreement with North Central Texas Council of Governments for consideration at the June 11, 2007 Council Meeting. 9. Interim Director of Finance Michael Dolby presented a report on the Master Agreement with Gabriel, Roeder, Smith and Co. for Actuarial Services. The committee directed staff to bring the Master Agreement with Gabriel, Roeder, Smith and Co. for Actuarial Services., to the June 11, 2007 Council Meeting for consideration. 10. Ed Fendell Construction Supervisor for Habitat for Humanity provided a presentation to the committee and staff. Mr. Fendell discussed issues/pressures Habitat for Humanity is facing and the committee's/city's policy regarding disposition of delinquent tax properties and potentially other property. The committee directed staff to bring the above item to a future Council Meeting for discussion. 11. Administrative Reports. There were not administrative items reported. 12. Committee Comments. The committee had comments. 13. Adjournment